The Apple In Wall Street’s Manic Eye–Why Price Discovery Is Deader Than A Doornail, Part 2

The boys and girls in the casino got some well-deserved whiplash during the last two hours Wednesday with the S&P 500 moving up and down by a total of 35 handles in response to the Fed’s minutes and Powell’s jawing afterwards. In a narrow technical sense it was all very explainable. The days traders and the robo-machines had […]
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